On Nov. 7, Boston Beer
- Sales and earnings per share beat estimates for the quarter, but full-year estimates remain within the $1.16-$1.26 range.
- Gross margins declined 1.82% on packaging costs, but a 20% increase in barrels sold more than made up for the difference.
- The company continues to maintain a strong balance sheet, with the flexibility and cash to fund expansion.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales |
$73,980 |
$75,867 |
$63,210 |
20% |
Net Profit |
-- |
$5,908 |
$4,187 |
41.1% |
EPS |
$0.33 |
$0.41 |
$0.29 |
41.4% |
Diluted Shares |
-- |
14,351 |
14,437 |
(0.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
57.30% |
59.12% |
(1.82) |
Operating Margin |
10.79% |
9.81% |
0.98 |
Net Margin |
7.79% |
6.62% |
1.17 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$75,525 |
$61,600 |
22.6% |
Accounts Rec. |
$18,887 |
$14,400 |
31.2% |
Inventory |
$15,768 |
$12,500 |
26.1% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$14,117 |
$11,300 |
24.9% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$23,425 |
$21,350 |
9.7% |
Capital Expenditures |
$7,704 |
$10,950 |
(29.6%) |
Free Cash Flow |
$15,721 |
$10,400 |
51.2% |
Find out why Fools always follow the money.
Related Companies:
-
Molson Coors Brewing
(NYSE:TAP) -
Anheuser-Busch
(NYSE:BUD) -
Diageo
(NYSE:DEO) -
AmBev
(NYSE:ABV)
Related Foolishness:
Diageo is a Motley Fool Income Investor pick, while Anheuser-Busch is an Inside Value recommendation.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.